Shimao Group Holdings

International company 1 news story

Shimao Group Holdings (HKEX: 813) is a Hong Kong-listed Chinese developer of homes, commercial property and hotels. Its offshore debt restructuring took effect in July 2025, and in 2026 lenders took over and sold its two hotels in Tung Chung, Hong Kong.

24 Oct 2026 · Investment

ParkCity-linked firm buys two Hong Kong hotels for RM1.4b

A buyer part-owned by Desa ParkCity developer ParkCity Group will pay HK$2.7b (RM1.4b) for Shimao’s 1,219-room Sheraton and Four Points in Tung Chung.

ParkCity GroupShimao Group Holdings

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